NewsShree Precoated Steels Reports Audited Financial Results for Quarter and Year Ended March 31, 2026Shree Precoated Steels Reports Audited Financial Results for Quarter and Year Ended March 31, 2026
Shree Precoated Steels Limited published its audited standalone financial results for the quarter and year ended March 31, 2026, in compliance with SEBI Regulations 30 and 47. The company recorded a net loss after tax of ₹60 for the full year FY26, unchanged from the net loss of ₹60 in FY25, while total comprehensive income for FY26 stood at ₹(58) compared to ₹(61) in FY25. Other income of ₹368 was recorded in Q4 FY26, with no such income in the corresponding prior period. The accounts continue to be prepared on a going concern basis despite a negative net worth, with pending litigation relating to indirect tax refunds.
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Shree Precoated Steels Limited has disclosed its audited standalone financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper publications appeared in the Financial Express and Mumbai Lakshadeep on May 08, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 07, 2026, along with the Independent Auditor's Report.
Financial Performance Overview
The company's standalone financial results reflect continued losses across both the quarter and the full financial year. The following table presents the key financial metrics for the periods under review:
| Metric: | Q4 FY26 (31-Mar-26) | Q3 FY26 (31-Dec-25) | Q4 FY25 (31-Mar-25) | FY26 (31-Mar-26) | FY25 (31-Mar-25) |
|---|---|---|---|---|---|
| Other Income: | 368 | - | - | 368 | - |
| Net Profit/(Loss) before Tax (after Exceptional items): | (14) | (18) | (15) | (60) | (60) |
| Net Profit/(Loss) after Tax (after Exceptional items): | (14) | (18) | (15) | (60) | (60) |
| Total Comprehensive Income: | (12) | (18) | (15) | (58) | (61) |
| Paid-up Equity Share Capital: | 414 | 414 | 414 | 414 | 414 |
| Other Equity: | - | - | - | (688) | (630) |
| Basic EPS (₹10 each): | (0.29) | (0.43) | (0.36) | (1.40) | (1.47) |
| Diluted EPS (₹10 each): | (0.29) | (0.43) | (0.36) | (1.40) | (1.47) |
Key Highlights and Notes
The results have been prepared in accordance with Indian Accounting Standards (IND AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015. Several notable disclosures accompany the financial results:
- The accounts are prepared on a going concern basis despite a negative net worth, with pending litigation in respect of refund of indirect taxes.
- During the quarter under review, the company decided to write off/write back sundry balances found to be unrecoverable/unrealisable, as well as liabilities that are no longer payable.
- The figures for the current quarter and corresponding quarter of the previous year are balancing figures between the audited figures for the full financial year and unaudited published year-to-date figures up to the third quarter.
- Previous period figures have been regrouped, rearranged, and reclassified wherever necessary to conform to the current period's classification.
Regulatory Compliance and Availability
The submission was made to BSE Limited in accordance with applicable SEBI regulations. The full format of the audited quarterly and year-ended March 31, 2026 standalone financial results is available on the company's website at www.spsl.com and has been submitted to the stock exchange where the equity shares of the company are listed. The filing was signed by Harsh L. Mehta, Managing Director (DIN: 01738968), and the regulatory communication was submitted by Priyanka Khandelwal, Company Secretary and Compliance Officer, from the company's registered office at 1, Ground Floor, Citi Mall, New Link Road, Andheri (W), Mumbai – 400 053.
Historical Stock Returns for Shree Precoated Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +4.84% | +18.26% | -12.00% | +9.22% | +100.87% |
How long can Shree Precoated Steels sustain operations on a going concern basis given its negative net worth of ₹688 lakhs and consistent annual losses, and what restructuring plans might management consider?
What is the current status of the pending indirect tax refund litigation, and how might a favorable outcome impact the company's liquidity and ability to reverse its negative equity position?
Given that the company has reported identical pre-tax losses of ₹60 lakhs for both FY26 and FY25, what strategic initiatives could management pursue to break this stagnation and return to profitability?
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